Assystem - 2018 Register document

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Content2
MESSAGE FROM THE CHAIRMAN & CEO4
2018 KEY FIGURES6
1. PRESENTATION OF THE GROUP9
1.1 HISTORY10
1.2 CORPORATE MISSION AND STRATEGY13
1.2.1 ASSYSTEM’S CORPORATE MISSION13
1.2.2 ASSYSTEM’S STRATEGY13
1.3 ASSYSTEM’S MARKET AND POSITIONING14
1.4 BUSINESS OVERVIEW14
1.4.1 ENERGY & INFRASTRUCTURE15
1.4.2 STAFFING17
1.4.3 EXPLEO GROUP (FORMERLY ASSYSTEM TECHNOLOGIES)17
1.5 ORGANISATIONAL STRUCTURE17
1.5.1 ASSYSTEM’S ORGANISATIONAL STRUCTURE17
1.5.2 SIMPLIFIED ORGANISATION CHART OF THE GROUP AT 31 DECEMBER 201818
2. RISK GOVERNANCE AND MANAGEMENT19
2.1 RISK GOVERNANCE AND MANAGEMENT21
2.1.1 RISK GOVERNANCE21
2.1.2 OPERATIONAL RISK MANAGEMENT22
2.1.3 INTERNAL CONTROL26
2.2 RISK FACTORS28
2.2.1 RISKS RELATED TO THE ECONOMIC ENVIRONMENT28
2.2.2 OPERATIONAL RISKS29
2.2.3 FINANCIAL RISKS30
2.2.4 HR RISKS31
2.2.5 RISKS RELATED TO INFORMATION SYSTEMS31
2.2.6 LEGAL, REGULATORY AND TAX RISKS31
2.2.7 INDUSTRIAL AND ENVIRONMENTAL RISKS32
2.2.8 RISKS RELATED TO ACQUISITIONS32
2.2.9 INSURANCE STRATEGY32
3. NON-FINANCIAL INFORMATION STATEMENT33
3.1 VISION AND BUSINESS MODEL35
3.1.1 VISION35
3.1.2 BUSINESS MODEL38
3.2 CSR-BUSINESS ETHICS GOVERNANCE AND STRATEGY40
3.2.1 A CSR STRATEGY ORGANISED AROUND FOUR PILLARS40
3.2.2 STAKEHOLDER MAPPING42
3.2.3 NON-FINANCIAL RISK FACTORS43
3.3 A RESPONSIBLE EMPLOYER47
3.3.1 ATTRACTING AND RETAINING TALENT47
3.3.2 COMMITTING TO DIVERSITY49
3.3.3 OPEN DIALOGUE WITH OUR TEAMS AND EMPLOYEE REPRESENTATIVES51
3.3.4 WORKPLACE HEALTH, SAFETY AND WELLBEING: A PRIORITY53
3.3.5 DEVELOPING EMPLOYEE SKILLS AND ENGAGEMENT54
3.4 CREATING VALUE FOR CLIENTS AND SOCIETY58
3.4.1 A PROCESS OF SUSTAINABLE INNOVATION58
3.4.2 PROJECTS FOR A MORE RESILIENT SOCIETY59
3.4.3 CONTRIBUTING TO LOCAL DEVELOPMENT60
3.4.4 ENGAGING WITH SOCIETY61
3.5 MANAGING OUR ENVIRONMENTAL FOOTPRINT62
3.5.1 GENERAL ENVIRONMENTAL POLICY62
3.5.2 MANAGING THE GROUP’S ENVIRONMENTAL IMPACT62
3.5.3 CLIMATE CHANGE63
3.6 METHODOLOGY NOTE64
3.6.1 KEY INDICATORS64
3.6.2 REPORTING STANDARDS65
3.6.3 BOUNDARY FOR CALCULATION OF KEY INDICATORS66
3.7 REPORT OF THE INDEPENDENT THIRD PARTY67
4. CORPORATE GOVERNANCE REPORT69
4.1 THE BOARD OF DIRECTORS71
4.1.1 MEMBERS OF THE BOARD OF DIRECTORS71
4.1.2 CONDITIONS FOR THE PREPARATION AND ORGANISATION OF THE WORK OF THE BOARD OF DIRECTORS82
4.2 COMPENSATION AND BENEFITS IN KIND ALLOCATED BY THE COMPANY AND OTHER GROUP ENTITIES TO MEMBERS OF THE ADMINISTRATIVE AND MANAGEMENT BODIES IN OFFICE84
4.2.1 COMPENSATION OF MEMBERS OF THE BOARD OF DIRECTORS84
4.2.2 COMPENSATION OF THE COMPANY’S EXECUTIVE OFFICERS85
4.3 ADDITIONAL INFORMATION90
5. BUSINESS REVIEW AND FINANCIAL STATEMENTS91
5.1 THE GROUP’S RESULTS92
5.1.1 KEY FIGURES92
5.1.2 REVENUE BY DIVISION92
5.1.3 RESULTS OF OPERATIONS AND FINANCIAL POSITION92
5.1.4 OUTLOOK FOR 201993
5.2 CONSOLIDATED FINANCIAL STATEMENTS94
5.2.1 CONSOLIDATED STATEMENT OF FINANCIAL POSITION94
5.2.2 CONSOLIDATED INCOME STATEMENT96
5.2.3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME97
5.2.4 CONSOLIDATED STATEMENT OF CASH FLOWS98
5.2.5 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY99
5.2.6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS100
5.3 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS135
5.4 PARENT COMPANY FINANCIAL STATEMENTS140
BALANCE SHEET140
INCOME STATEMENT141
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS142
5.4.1 PAYMENT TIMES157
5.4.2 NON-TAX-DEDUCTIBLE EXPENSES157
5.4.3 FIVE-YEAR FINANCIAL SUMMARY FOR ASSYSTEM SA158
5.5 STATUTORY AUDITORS’ REPORT ON THE PARENT COMPANY FINANCIAL STATEMENTS159
6. INFORMATION ABOUT THE COMPANY AND ITS SHARE CAPITAL163
6.1 GENERAL INFORMATION ABOUT THE ISSUER164
6.2 INFORMATION ABOUT THE COMPANY’S SHARE CAPITAL167
6.2.1 ASSYSTEM AND ITS SHAREHOLDERS167
6.2.2 ASSYSTEM’S SHARE CAPITAL168
6.2.3 SHARE PERFORMANCE169
6.2.4 ADDITIONAL INFORMATION ABOUT THE COMPANY’S SHARE CAPITAL171
6.2.5 STOCK OPTIONS172
6.2.6 FREE SHARE AND PERFORMANCE SHARE AWARDS172
6.2.7 TREASURY SHARE TRANSACTIONS CARRIED OUT BY THE COMPANY IN 2018 (ARTICLE L. 225-211 OF THE FRENCH COMMERCIAL CODE)172
6.2.8 DESCRIPTION OF THE SHARE BUYBACK PROGRAMME (DISCLOSED IN ACCORDANCE WITH ARTICLE 241–2 OF THE AMF’S GENERAL REGULATIONS)172
6.2.9 USE OF SHARE BUYBACK PROGRAMMES IN 2018173
6.2.10 LIQUIDITY CONTRACT173
6.2.11 ASSYSTEM SHARES HELD BY THE COMPANY (OUTSIDE THE SCOPE OF THE LIQUIDITY CONTRACT)173
6.2.12 CHANGES IN SHARE CAPITAL OVER THE LAST THREE YEARS174
6.3 STATUTORY AUDIT AND FEES PAID BY THE GROUP TO THE STATUTORY AUDITORS AND MEMBERS OF THEIR NETWORKS175
6.3.1 STATUTORY AUDIT175
6.3.2 STATUTORY AUDITORS175
6.3.3 STATUTORY AUDITORS’ FEES IN 2018175
6.4 SPECIAL REPORT ON AWARDS OF FREE SHARES AND PERFORMANCE SHARES176
6.4.1 FREE SHARE AND PERFORMANCE SHARE AWARDS DECIDED BY THE COMPANY’S BOARD OF DIRECTORS176
6.4.2 FREE SHARES AND PERFORMANCE SHARES AWARDED DURING 2018 BY RELATED COMPANIES AS DEFINED IN176
6.4.3 FREE SHARES AND PERFORMANCE SHARES AWARDED BY CONTROLLED COMPANIES AS DEFINED IN ARTICLE L. 233-16 OF THE FRENCH COMMERCIAL CODE176
6.5 SPECIAL REPORT ON STOCK OPTIONS176
7. ANNUAL GENERAL MEETING OF 16 MAY 2019177
7.1 AGENDA178
7.1.1 ORDINARY BUSINESS178
7.1.2 EXTRAORDINARY BUSINESS178
7.1.3 ORDINARY AND EXTRAORDINARY BUSINESS178
7.2 PURPOSE OF THE PROPOSED RESOLUTIONS179
7.2.1 ORDINARY RESOLUTIONS179
7.2.2 EXTRAORDINARY RESOLUTIONS181
7.2.3 ORDINARY AND EXTRAORDINARY RESOLUTION184
7.3 TEXT OF THE PROPOSED RESOLUTIONS185
7.3.1 ORDINARY RESOLUTIONS185
7.3.2 EXTRAORDINARY RESOLUTIONS187
7.3.3 ORDINARY AND EXTRAORDINARY RESOLUTION196
7.4 STATUTORY AUDITORS’ REPORTS197
7.4.1 STATUTORY AUDITORS’ REPORTS197
7.4.2 SPECIAL STATUTORY AUDITORS REPORT ON THE REGULATED AGREEMENTS AND COMMITMENTS197
8. ADDITIONAL INFORMATION199
8.1 ARTICLES OF ASSOCIATION OF ASSYSTEM SA200
8.2 MATERIAL CONTRACTS211
8.3 DISCLOSURE OF INTERESTS IN NON-CONSOLIDATED COMPANIES211
8.4 STATEMENT BY THE PERSONS RESPONSIBLE FOR THE 2018 REGISTRATION DOCUMENT211
8.5 CROSS-REFERENCE TABLES212
CROSS-REFERENCE TABLE FOR DISCLOSURES REQUIRED IN ACCORDANCE WITH ANNEX 1 OF EUROPEAN COMMISSION REGULATION (EC) NO. 809/2004212
CROSS-REFERENCE TABLE FOR INFORMATION REQUIRED IN THE MANAGEMENT REPORT215
CROSS-REFERENCE TABLE FOR DISCLOSURES REQUIRED IN THE ANNUAL FINANCIAL REPORT217
CROSS-REFERENCE TABLE FOR DISCLOSURES REQUIRED IN THE CORPORATE GOVERNANCE REPORT218
SUMMARY OF INFORMATION REQUIRED IN THE NON-FINANCIAL INFORMATION STATEMENT219

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